To The Moon

Institutions were net buyers of Singapore stocks over the five trading sessions through to Aug 31, with S$54.7 million of net institutional inflow, while 22 primary-listed companies conducted buybacks with a total consideration of S$18.9 million.UOB $UNITED OVERSEAS BANK LIMITED(U11.SI)$ again led the share buyback consideration tally, buying back 360,000 shares at an average price of S$28.41 per share, followed by Olam Group $Olam Group(VC2.SI)$ which bought back 3.25 million shares at an average price of S$1.25 per share. StarHub $STARHUB LTD(CC3.SI)$ also bought back 1.35 million shares at an average price of S$1.02 per share.Sembcorp Industrie

The "August curse” has occurred, the $S&P 500(.SPX)$, $NASDAQ(.IXIC)$ , $DJIA(.DJI)$ closed down 1.77%, 2.17% and 2.36%, respectively, on a monthly basis.September is usually the worst month for U.S. stocks in history.According to CFRA data, since 1945, the $S&P 500(.SPX)$ has fallen more than half the time in September since 1945, with an average return of -0.73%.But this September may not be as bad as history predicts.This is according to statistics from Carson Investment Research: based on the statistics when the $S&P 500(.SPX)$ has risen more than 15% in the fir

Learnings and conclusions from this week’s charts: $S&P 500(.SPX)$ The August price action looks like a bull market correction.However the correction drivers look to be turning down again and the market rebound has stalled at short-term overhead resistance.Seasonal downdrafts are most intense typically in late-Sep/early-Oct.Retail flows, hedge fund positioning, corporate buybacks, analyst earnings estimates are all displaying clear bullish/extreme optimism.Meanwhile the macro remains murky (e.g. from charts this week show JOLTS jobs jitters, student loan payments unpausing).Overall, there’s definitely a case to be made that the August sell-off was a sort of healthy correction, but at the same time, it might be a little healthier if it cleared